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Special K · 01-16-2022, 07:49 PM

I will share my story now that we have settled. 2021 was an insanely stressful year. We are glad it’s over.

We decided to sell first, then buy because it was a safer route but very costly. Buy first, then sell might get us into deep trouble so we didn’t take that risk.

We started to prep for the sale of our house in Vancouver in March 2021. Cleaning and looking at what we could be interested in for about 2-3 months. We listed our house for sale in July. Sold to the first viewer on a Thursday, subject free, 2% below asking (which was what my wife and I agreed that we would be okay with that price) or $450k over assessed. They didn’t want us to get into weekend showings. Could have squeezed more waiting but we just wanted to move on with the buying phase.

Buying was VERY VERY VERY difficult. It took us 30 houses, 4th offer later, to finally get our new house. Over budget and second/third choice highschool on our list. We were looking at 2500-2800 sqft but ended up with 4000 sqft. There’s just nothing out there and it looked worse every week approaching November. But I know every weekend I wait, our money is going to worth less. We need to park our money somewhere.

We were lucky to have an honest and helpful realtor. He could have taken the easy route to just tell us to buy anything. And friends helped with the very quick transaction. Our winning bid was $550k over assessed, subject free, and 2 weeks closing. There were higher price bids.

I estimated that we lost $200k in equity by the 3-4 month gap, realtor fees, and desparate bidding.

At least it’s over now.

01-16-2022, 07:49 PM	#20187
Special K Even when im right, revscene.net is still right! Join Date: Jan 2013 Location: Vancouver Posts: 1,387 Thanked 640 Times in 205 Posts Failed 103 Times in 22 Posts	I will share my story now that we have settled. 2021 was an insanely stressful year. We are glad it’s over. We decided to sell first, then buy because it was a safer route but very costly. Buy first, then sell might get us into deep trouble so we didn’t take that risk. We started to prep for the sale of our house in Vancouver in March 2021. Cleaning and looking at what we could be interested in for about 2-3 months. We listed our house for sale in July. Sold to the first viewer on a Thursday, subject free, 2% below asking (which was what my wife and I agreed that we would be okay with that price) or $450k over assessed. They didn’t want us to get into weekend showings. Could have squeezed more waiting but we just wanted to move on with the buying phase. Buying was VERY VERY VERY difficult. It took us 30 houses, 4th offer later, to finally get our new house. Over budget and second/third choice highschool on our list. We were looking at 2500-2800 sqft but ended up with 4000 sqft. There’s just nothing out there and it looked worse every week approaching November. But I know every weekend I wait, our money is going to worth less. We need to park our money somewhere. We were lucky to have an honest and helpful realtor. He could have taken the easy route to just tell us to buy anything. And friends helped with the very quick transaction. Our winning bid was $550k over assessed, subject free, and 2 weeks closing. There were higher price bids. I estimated that we lost $200k in equity by the 3-4 month gap, realtor fees, and desparate bidding. At least it’s over now. Last edited by Special K; 01-16-2022 at 08:03 PM.